LOS ANGELES, CA / ACCESSWIRE / February 17, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LogicBio Therapeutics, Inc. ("LogicBio" or "the Company") (NASDAQ:LOGC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. LogicBio issued a press release on February 10, 2020, stating "the U.S. Food and Drug Administration (FDA) has placed a clinical hold on [LogicBio's] Investigational New Drug (IND) submission for LB-001 for the treatment of methylmalonic acidemia (MMA) pending the resolution of certain clinical and nonclinical questions." Based on this news, shares of LogicBio fell by almost 32% on February 11, 2020.
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SOURCE: The Schall Law Firm
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